Consumer Credit

In May, consumer credit increased at a seasonally adjusted annual rate (SAAR), of 5.9%. Revolving credit increased at an annual rate of 6.4% percent, while nonrevolving credit increased at an annual rate of 6.4% percent. Total consumer credit increased by $18.40 billion (B), in May much higher than the consensus forecast of $12.6B. Consumer credit [...]

Portland Cement Shipments

For the three months total (3MMT), ending April, national Portland cement shipments fell by 4.4% on a 3MMT year (y/y) basis. An -18.5%, 3MMT y/y decline in the Pacific region pulled down the national volume and growth. The Mountain region was the only census zone to record a 3MMT y/y increase (+2.4%). Portland cement shipment [...]

Employment by Industry

The Bureau of Labor Statistics (BLS) reported today that there were 222,000 new job created in June. This brings the total number of seasonally adjusted (SA), non-farm people employed in the US in June was 146,404,000, +0.15% month on month, (m/m). Over the past 12 months the US economy has added 2.232 million jobs for [...]

Automotive Sales

Data from the Bureau of Economic Analysis (BEA), shows that total light (cars and light truck/SUVs), vehicle sales in June were at an annual rate, of 16.810 million (M), units, down 182,000 units or 1.1% from May. On a three month moving average (3MMA), basis, sales were 17.003M, down 0.2% month on month (m/m) and [...]

Dodge Momentum Index

The Dodge Momentum Index moved up 0.6 percentage point in June to 134.7 or +0.5% month on month, (m/m). On a 12 month moving average (12MMA), basis the index scored 135.8, flat y/y. The Momentum Index is a monthly measure of the initial report for nonresidential building projects in planning, which have been shown to [...]

ISM Non-Manufacturing Index

The Institute for Supply Management’s non-manufacturing composite index for June moved-up 0.5 percentage point to 57.4, beating analyst’s expectations by 0.5 percentage point. On a 3 month moving average basis (3MMA), the index scored 57.3, up 4.1% year on year, (y/y). Momentum (defined as 3 month minus 12 month), was positive 3.8%. Overall a good [...]